RGF Finance in Surfers Paradise, Queensland | Brokerage firm

RGF Finance

Locality: Surfers Paradise, Queensland

Phone: +61 413 431 661

Address: Lvl 13, 50 Cavill Avenue 4217 Surfers Paradise, QLD, Australia

Website: http://www.rgffinance.com.au/

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07.05.2022 Not sure what will happen with interest rates? Will they rise? The below link has a good article to show you what the RBA is thinking when it comes to interest rates and the timing of when they intend to increase rates. It all comes down to the sustainability of increased inflation levels and wages growth. Inflation has risen quicker than the RBA expected but they will hold off on raising interest rates until they are confident that the increase in inflation to within 2-3% is... sustainable (and there is also wages growth). In short, yes interest rates will increase, but it is yet to be seen when they will increase and by how much - based on RBA and economist predictions and information available, there is a possibility this could occur towards the end of 2022 (based on current inflation increases) and more likely for 2023 & 2024 (again based on current inflation growth). If you have a home loan, you should be preparing for interest rate rises by checking your budget, ensuring you are saving instead of overspending and pay extra to your home loan so that you don't notice the increase required from your own pocket, when rates do rise. https://www.mortgagebusiness.com.au//16459-too-early-rba-g #RGFFinance #InterestRates #Whenwilltheyincrease #Save #Payextratoyourhomeloan #InflationInflation #Sustainabiltiy #wagesgrowth #homeloans #finance #financebroker

21.04.2022 Happy New Year! We hope you have a prosperous, healthy and fun filled 2022. May it be all you hope and dream it to be. Right now we are still enjoying a much needed break, and we hope you are too. Our office re-opens 10th January and we look forward to working with you for all of your finance goals this year.

19.04.2022 Happy Holidays, Meilleurs Voeux, Merry Christmas, Happy Hanukkkah, Buon Natale, Feliz Navidad, Seasons Greeting. Wishing you a time of peace, good health & joy and all the best wishes for a safe and excellent 2022! We look forward to assisting you with your finance needs, property goals and financial freedom pursuits again in the New Year.... Office re-opens 10th January.

04.04.2022 Property Prices - what will we see with price growth in the coming months and years? November's price growth was the lowest since January 2021. What's next? Read all about it in the Corelogic Home Value Index ... https://www.corelogic.com.au//corelogic%20home%20value%20i

21.03.2022 Smoke Alarms - Landlords are you ready? From 1 January 2022, landlords must install interconnected smoke alarms in residential rental properties. When one goes off, they all go off, giving everyone extra time to escape.... https://www.qfes.qld.gov.au/prepare/fire/smoke-alarms

11.03.2022 It's getting closer to that time of year again... If you require settlements prior to or by 24th December, you must be prepared and aware of the cut off dates for lenders. Some lenders are already advising us of their cut off dates, for loan submission & formal approval deadlines for the lender to be in a position to settle purchases or loans prior to 24th December.... If you are considering purchasing between now and December, it is wise to use an experienced broker who will know which lenders to place your loan with, based on these deadlines, turnaround times for assessment, loan documents and settlement timeframes to meet your requirements to settle your finance or purchase on time. Some lenders have cut off dates much earlier than others. It is important to be mindful of this to avoid disappointment, loss of deposit or penalty interest if you fail to settle a purchase on time. #RGFFinance #CutOffDates #LenderCutOffTimes #Timeframes #DontLoseYourDeposit #SettleOnTime #SettlementDatesBeforeChristmas #24Dec #Decemberlooming #Christmasiscoming #HolidaySeasonNotTooFarAway #FinanceDeadlines #FinanceBroker #Getitright #NoStress

19.02.2022 On air again with ABC Radio yesterday afternoon on Drive with Steve Austin. The topic was about APRA's tighter mortgage rules coming in to soon for mortgages. In summary APRA is increasing the minimum rate at which banks must assess a loan - this reduces your borrowing capacity and it appears that they, in turn, hope this new rule may help to take the heat out of property price growth and assist borrowers to manage their repayments better. Have a listen from the 1:45:30 mark ...for the information on this, in the interview. #ABC #Drive #RGFFinance #Finance #Broker #UpToDateInfo #TighterMortgageRules #curbthepropertyboom #BID #BrokersMustActInYourBestInterestsBanksDont #MortgageBroker #HomeLoans #LendingRules

13.02.2022 "You really helped me when I didn't know anything about buying a home. I have settled in great thanks, I am really happy I chose buying where I did" - Ryan. This is why at RGF Finance we do what we do. Helping people into homeownership every week and ensuring they understand the process every step of the way. Finance Brokers write approximately 60% of all home loan applications in Australia, and that number is increasing. We don't only provide you just one bank's interest... rate/loan option - we ensure you are provided the best options from all lenders available. We provide lender/rate comparison to see how the most viable lenders compare, we ensure the loan process is explained and that you understand all facets of applying for a home loan and purchasing a home! ********** Brokers must meet Best Interests Duty (BID) which is a legal requirement to act in your best interests - Banks are not required to meet BID, brokers are. What would you rather? ********** These things include: - The breakdown of associated purchasing costs - The ins & outs of building & pest inspections - The funding breakdown - how much the loan and repayments are and what amount you need to contribute based on difference prices - Different options with different lenders and why - We apply for discounts to interest rates offered by the banks to ensure you have the best interest rates and loan types to suit your requirements - Referrals for conveyancing, insurance and building & pest inspections - Borrowing capacity - how much you can borrow - Explanations about finance terms and things like LVRs, Offset accounts, Interest Only vs Principal and Interest payments, fixed rates vs variable rates, extra repayments and redraw - Examples and estimates in relation to acceleration of loan repayments to reduce loan terms and your loan balance quicker - Preparation of loan applications with the relevant lender and obtaining all relevant information for that lender for an approval - Constant monitoring and follow ups with lenders to progress your application and provide you an approval - Pre approvals prior to finding the right property - Upfront Valuations - Property reports - Refinance and debt consolidation loans and how you can use those savings to reduce your loan quicker - and the list goes on..... #RGFFinance #Finance #FinanceBrokers #BID #BestInterestsDuty #WeWorkForYou #Options #HomeLoanProcessExplained #Understandingyourpurchase #Brokers #Thankyou

07.02.2022 A photo as the sun sets on our client's property at the end of another working week. Frame up and on it's way to becoming our client's new home. A First Home Owner excited by the prospect of life in his brand new home in months to come. We love assisting all our clients, seeing goals & dreams become a reality and especially First Home Owners with their builds too. Always good to see the photos of the progress! Thanks Ethan It starts with all the paperwork and ends with a h...ome - why we love what we do! #Finance #NewBuild #FirstHomeOwner #RGFFinance #Construction #Builders #NewHome #FrameStage #FHOG #FirstHome #FinanceBroker

05.02.2022 When business is busy & expanding, you need to upgrade or increase vehicle & equipment needs - when cash is king, finance it and reduce tax too! ****************** Ricochet Espresso's new van hits the road today - people need coffee!... Congratulations to DJ on his latest business vehicle purchase. If you see a Ricochet Espresso coffee van at the your local Brisbane Markets or Ricochet Espresso cafe in Edward St in the City, stop in and caffeinate with great specialty coffee!! #Van #Hiace #Coffee #RicochetEspresso #Caffeine #FinanceIt #Finance #InstantAssetWriteOff #RGFFinance #FinanceBroker #equipment #Vehiclesforbusiness #SelfEmployed #Upgrade #Replace #Expand

29.01.2022 Hello Spring! Our favourite season of the year. Warmer days, fresh Spring air, flowers and colour.... Enjoy the season ahead!

24.01.2022 Capital Gains Tax With properties constantly hitting the market, owners who are selling their investment properties need to be aware of the Capital Gains Tax implications. Some property owners are considering what sale price they will obtain, but not all are considering the fact they will also need to pay tax on their profits.... Capital Gains Tax (CGT) is calculated based on the difference between your sale price and what your investment cost you, over the course of your ownership, including any improvements and repairs. To get an indication of what your CGT may be, it is best to speak to your Accountant. The ATO also has some helpful information regarding methods of calculating CGT. https://www.ato.gov.au//capital-gain/calculating-your-cgt/ #Profit #PropertySale #CGT #CapitalGains #CapitalGainsTax #Taxonprofit #InvestorSales #Investments #Finance #FinanceBroker #RGFFinance

20.01.2022 Christmas Cheer again to those who really need it... For the last few years RGF Finance has been involved, along with others locally in the finance industry, in helping put a smile on the faces of disadvantaged children each Christmas. This year again we had the pleasure of purchasing gifts to help towards filling the lists for Christmas Gifts/Santa Sacks so that 500 children across Brisbane & the Gold Coast will receive gifts and necessities this Christmas.... Many of those children are homeless or living in shelters and extreme poverty - the recipients this year were children involved with a Charity with Child Protective Services, a Domestic Violence charity and YFS. Thank you to Sam and Heidi for organising the lists and collecting the Santa Sacks - it is the least we can do to fill some Santa Sacks each year and we promise we'll continue to help each year. #GiftsThatMatter #TheBestGiftsToGiveEachYear #SantaSacks #SmileThisChristmas #Gifts #Christmas #FinanceBrokerTeamEffort #Charity #Give #TheSpiritOfGiving #TheSpiritOfChristmas #RGFFinance

19.01.2022 Some good tips for fast tracking your savings in 2021 for your home purchase - However, please NOTE, you do NOT need to save 20% deposit for your purchase. If you have a 20% deposit then that's great, but we have plenty of viable and realistic options where you pay Lenders Mortgage Insurance (LMI) by adding it to your loan amount and that way you can purchase sooner by having to save much less than a 20% deposit. Deposits in general are required at approximately 7-8% of the... purchase price plus costs OR as little as 5% of the price plus associated costs. We still step you through what your total associated costs are and the different options, interest rates, repayments and LMI applicable for a particular price range and borrowing capacity. Government Grants are also available to use towards your deposit & costs if you are purchasing a new property or buying land to build. Conditions apply. Set your 2021 savings budget now and start the new year with a budget and a goal to work towards. #Finance #Purchase #Save #Goals #Property #GetIntoTheMarket #StopRenting #Invest #YourFuture #Budget #Planning #Home #YourHome #Savings #FinanceBroker #RGFFinance #PayLMItoReduceSavingsRequired

18.01.2022 Federal Budget 2021 Some highlights from the Budget and more information in the links below - Home ownership proposals - ... First Home Super Saver Scheme (FHSSS): The FHSSS, which was introduced in the 2017/18 Budget, allows people to save money for their first home inside their super. The Government will increase the maximum amount of voluntary contributions that can be released under the FHSSS from $30,000 to $50,000. ***** Family Home Guarantee for single parents: The Government has introduced the Family Home Guarantee as a way of providing a pathway to home ownership to support single parents with dependants. This is regardless of whether they are a first home buyer or a previous owner-occupier. From 1 July 2021, 10,000 guarantees will be made available over four years to eligible single parents with a deposit of as little as 2%, subject to an individual’s ability to service a loan. ***** New Home Guarantee: The Government is providing a further 10,000 places under the New Home Guarantee in 2021/22. This is specifically for first home buyers seeking to build a new home or purchase a newly built home with a deposit of as little as 5%. Personal tax relief **** Extension of tax offset: The Low and Middle-Income Tax Offset (LMITO), worth up to $1,080, has been extended for an additional 12 months to cover the 2021/22 financial year. LMITO will be received once individuals lodge their tax return for the 2021/22 financial year. ***** Business tax incentives extended Temporary full expensing: The temporary investment tax incentive announced in last year’s Budget has been extended for a further 12 months until 30 June 2023 giving businesses additional time to utilise the incentive and including for projects requiring longer planning times. Businesses with a turnover up to $5 billion will be able to deduct the full cost of any eligible asset they purchase for their business, including the cost of improvements to existing assets, until 30 June 2023. Temporary loss carry-back provision: Companies will now be permitted to carry back tax losses for an extra 12 months from the 2019/20, 2020/21, 2021/22, and now 2022/23 income years to offset previously taxed profits in 2018/19 or later income years. This too applies to businesses with an aggregated turnover of less than $5 billion. **** Read a full update in relation to the Federal Budget provided by NAB and Macquarie Bank via the below links: https://business.nab.com.au/tag/federal-budget/ https://www.macquarie.com.au/advi/federal-budget-2021.html #FederalBudget #Budget2021 #TaxCuts #Business #Individual #ChildCare #MentalHealth #AgedCare #Education #HomeBuyerSchemes #SingleParentsToPurchase #Finance #RGFFinance #FederalBudget2021

17.01.2022 Fixed vs Variable Interest Rates Are you stuck trying to figure out if a variable or fixed rate is better for you? It can be difficult to understand how they work and to know which is most beneficial for your circumstances.... Here’s a quick breakdown: Variable Rates (Move Up and Down) A variable interest rate will move up and down as lenders react to decisions made by the RBA and the marketplace. Variable interest rates do not have a fixed term but some can have discounted interest rates over a period of time. These are known as Introductory Rates or Honeymoon Rates. Variable rate loans allow unlimited extra repayments which can provide more flexibility on getting ahead on repayments and having access to redraw. Fixed Rates (Stay the Same) A fixed rate loan will stay at the same rate regardless of anything that happens in the market or with the RBA. This means your repayments will be regular and you’ll always know how much money will be withdrawn from your account. This makes budgeting easy and will safeguard you against future interest-rate rises. Most consumers will take out fixed rate loans for 1-3 years but longer term options exist. Most fixed rates have a limit on how much extra you can pay on your home loan. Some will not allow redraw and most not have an Offset on a fixed rate. However at RGF Finance we have options where we know which limited lenders allow low fixed rates, flexible terms on extra repayments and redraw and Offset account on fixed. Be careful NOT to fix a rate if you are thinking of selling or if you want to make unlimited extra repayments. Variable rates can increase or decrease. Rate changes are based on many factors including factors in relation to the world economy, Australian economic conditions, political changes, pandemics, unemployment, inflation etc. As we know, all of those factors can appear stable and then can quickly change (ie COVID). For this reason it is sometimes hard to predict if a fixed rate will continue to be lower than the variable rate. Variable rates will always be higher than the fixed rate at the time you fix the rate - but if the variable rate then decreases you can be left with a fixed rate higher than the variable rate. Sound confusing? It can be and no one has a crystal ball to determine the future. However, at present the RBA has provided information to indicate rates will increase in 2 or 3 years (no less) and when inflation has improved. A case of when not if. Not sure which one is right for you? We can step you through the different options tailored to your particular circumstances & income position. #Fixedvsvariable #FixedRateLoan #VariableHomeLoan #RGFFinance #Finance #HomeLoans #EnsureItIsRightForYou #FixedRateBreakCosts #RateMove #InterestRates #Interest

16.01.2022 Renovations to your existing home and how to fund them One of the most common ways to fund a renovation is by using the equity in your existing home. Simply put, equity is the difference between a bank’s valuation of a property and the amount of money a person owes on a home loan. The equity position builds up over time, because the value of a property increases and the balance of a home loan decreases.... Using equity will help you fund your renovations without having to use savings or without waiting for sufficient savings to cover the cost. To discuss the pros and cons of adding renovation costs to your current home loan, or to check what your property value might be now, feel free to call us to discuss your circumstances on 07 56790937 or email [email protected] #Renovation #IncreaseEquity #IncreaseValue #Equity #Usingequityinsteadofsavings #UnlockEquity #Renovate #Finance #RGFFinance #Whatisyourhomeworth #ImproveYourProperty #ImproveIt #Valuation #MarketValue

12.01.2022 Vehicle Insurance - are you paying too much? A client contacted us this morning to check whether we could provide car insurance quotes for two of their vehicles, to see if we could reduce their current insurance premiums. Within 10 minutes were were able to call them back with confirmation of insurance quotes for full comprehensive insurance which has reduced their annual premiums by $552 per year whilst retaining the same amount of cover.... If you would like us to obtain a vehicle insurance quote (personal or business use) feel free to contact us on [email protected] or 0756790937 We can't guarantee you will can reduce your insurance premiums every time, but it doesn't hurt to check! Part of the service from RGF Finance. #insurance #carinsurance #Areyoupayingtoomuch #Reduceyourinsurancecosts #backinyourpocket #RGFFinance

08.01.2022 Just some of the settlements in the past four weeks for our happy buyers - now settling into their new homes or now the Landlord of their property with tenants in place or owners of commercial property or vehicles. Interest rates are incredibly low for all types of lending which makes it a good time to buy!

07.01.2022 A delivery every office needs.... Surprise delivery today from one of our favourite clients...fresh coffee beans for the office! Thank you DJ Ricochet Espresso

07.01.2022 EOFY - Self Employed Borrowers - Vehicle or Equipment Purchases If you are still considering which vehicle or equipment you want to purchase, please finalise your decisions and provide us your quotes or tax invoices to ensure you will have finance approved in time. As is the case every year in June, volumes increase for EOFY and lenders take longer to approve and settle the finance for your purchase. Please ensure you do NOT leave your request for finance to the last minutes ...(or even week!). Ensure you finalise these requests for finance by 10th June 2021 at the latest. Thank you. Equipment and Vehicle purchases for Self Employed borrowers = Instant Asset Tax Write. Please note we only provide assistance for Self Employed borrowers for vehicle & equipment finance - chattel mortgages for business purposes. #Vehicles #EquipmentFinance #RGFFinance #EOFY #TaxWriteOff #Dontleaveittoolate #TaxInvoice #ReduceTaxAndHaveANewVehicle #NewCarNewWarranty #BusinessEquipment #Truck #Trailer #ScissorLift #Hoist #WorkUte #Bobcat #Excavator #WorkVan #SelfEmployed #ChattelMortgage #InstantAssetWriteOff

04.01.2022 Offset Accounts - what are they and how do they work? There’s always discussion around offset accounts and how they can shorten the length of your home loan and even reduce your repayments. How does this work?... An offset account is a transaction account that is attached to your home loan. You can use it the same way you would use your everyday banking account, as you’ll receive a debit card and your salary can be deposited directly into it. So what’s so special about it? Offset accounts can reduce the amount of interest you are paying on your home loan. Interest on the home loan is calculated on a daily balance - everyday, the amount you have in your offset account will be compared to the balance of your mortgage and this will determine how much interest you will pay on your loan. For example, if you have a $450,000 home loan and $10,000 in your offset account, you’ll only be charged interest on $440,000. Home loan rates are currently usually higher than what is offered for a savings account, therefore offset accounts can be a great alternative for those wanting their money to work harder for them. This information is general in nature - you should speak to a Finance Broker about your specific circumstances to see if an Offset account is the right loan product for you. #Finance #OffsetAccounts #ReduceInterest #RepayLoanSooner #SalaryCredit #HomeLoan #RGFFinance #FinanceBroker #LoanOptions #Offset #Interestreduction #Useitifyouhaveit

19.12.2021 Construction - building your own home! We are loving the progress on the construction of our client's home - gorgeous internal stairs and layout. We always appreciate seeing the photos from our clients on the progress of their new builds - this one is a gorgeous design and we are looking forward to our clients being able to move in, in less than a month now! ... #TradieHardAtWork #ConstructionFinance #DreamHome #BuildIt #GovGrants #OwnerOccupiedHome #FinanceBroker #Finance #Construction #NewBuild #MovingInSoon #ExcitingTimes